The rating affirmation is based on a number of factors, including the health system’s strong market position, experienced management team, stable operating performance and variety of clinical offerings.
The outlook was revised to negative, reflecting Moody’s expectation that the health system will perform poorly in fiscal year 2017 because of declining liquidity reserves and failure to meet its debt service coverage covenant.
More articles on healthcare finance:
4 of 37 provider-sponsored health plans profitable in 2015
Illinois ordered to increase Medicaid funding to providers during budget impasse
Mercy Health Network, AmeriHealth dodge split, helping 220k residents on Medicaid
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.